Check Point Software Technologies (NASDAQ:CHKP) Receives “Neutral” Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their neutral rating on shares of Check Point Software Technologies (NASDAQ:CHKPFree Report) in a research report released on Monday morning,Benzinga reports. The firm currently has a $200.00 price objective on the technology company’s stock.

Several other research firms have also weighed in on CHKP. Royal Bank of Canada reissued a “sector perform” rating and set a $187.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Citigroup lifted their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. BMO Capital Markets upped their price objective on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Stifel Nicolaus boosted their target price on shares of Check Point Software Technologies from $182.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. Finally, Mizuho increased their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Eighteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $203.05.

Read Our Latest Stock Report on CHKP

Check Point Software Technologies Trading Up 1.9 %

Shares of Check Point Software Technologies stock opened at $198.20 on Monday. Check Point Software Technologies has a 52 week low of $145.75 and a 52 week high of $210.70. The stock has a market cap of $21.80 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 3.05 and a beta of 0.63. The company’s 50-day moving average price is $185.60 and its two-hundred day moving average price is $186.68.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting analysts’ consensus estimates of $2.25. The business had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.80 EPS. On average, equities analysts predict that Check Point Software Technologies will post 7.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CHKP. Robeco Institutional Asset Management B.V. boosted its stake in shares of Check Point Software Technologies by 10.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after purchasing an additional 177,104 shares in the last quarter. FMR LLC lifted its holdings in Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after purchasing an additional 252,581 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Check Point Software Technologies by 73.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after buying an additional 464,821 shares in the last quarter. Boston Trust Walden Corp grew its stake in Check Point Software Technologies by 26.9% during the fourth quarter. Boston Trust Walden Corp now owns 487,283 shares of the technology company’s stock worth $90,976,000 after buying an additional 103,388 shares during the last quarter. Finally, Swedbank AB increased its holdings in shares of Check Point Software Technologies by 1.1% during the fourth quarter. Swedbank AB now owns 428,042 shares of the technology company’s stock worth $79,915,000 after buying an additional 4,760 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Company Profile

(Get Free Report)

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.

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Analyst Recommendations for Check Point Software Technologies (NASDAQ:CHKP)

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